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Search Results 0 to 49 of about 889 (some duplicates have been removed)
. not because there hasn't been pain and tax rises and cuts affecting every family in this country. not because they didn't want to cut it borrowing. they did. not because your services aren't getting worse. they are. but because if you stop an economy growing, then it leaves more people out of work claiming benefits, not paying taxes. businesses struggle so they're not paying taxes. and as a result borrowing goes up. borrowing not to invest in schools, in hospitals, transport and education. but borrowing to keep people idle. so the next time you hear a conservative say to you labour would increase borrowing, just remember it is this government that is increasing borrowing this year. [applause] so what have we seen? we've seen recession, higher unemployment, higher borrowing. i don't think that's what people were promised. now look there will be some people who say, and this is an important argument, they'll be some people who say, well there is short-term pain but it is worth it for the long-term gain. but i'm afraid the opposite is true. you see that the longer you have low growth in our coun
and whether the guy in there gets kicked out and a new guy gets in. you might want to look at the bush tax cuts. they expire in the end of the year and at the same time hundred worth of spending cuts come n part of the sequestitration cuts that you heard about. i want to put that in perspective. they are slowing into growth spend all is said and done, you will have much more going to government than you do today than in dollar terms. all that hits the fan at the same time you have tax hikes and capitol gains and etscet raand all hitting the fan at the same time. that is a big story. you know and not worried about it or you don't know and the main stream media left you in the dust. and pat buchan an is paying close attention and we always whistle past the grave yards. they say don't worry about it one of the days it may not happen. thelma and lowis may go over the cliff. >> that was a horrible movie. you say that it is more real and possible than we think. >> i think so. let's take the hypothis that barack obama. tax cuts for the millionaires and billionaires will go up to a million dollars
for tax reform outpaced sarah palin as the most often dropped name at presidential debates. the aforementioned norquist, thorn in side of democrats and republicans. great to have you. >> go to be with you. >> neil: people think the tax issue is those op upper income that will go up. as it stands now, all taxes will go up. from the bottom 10% to 15%. you argue that nothing puts chill in the economy more than that. >> absolutely. we ought not to be raising taxes. the pledge by biden is pledge to american people that they'll oppose any and all tax increases. biden wants to pretend it's for the upper income people. for all the taxpayers. one thing to keep in mind. the promise that obama made four years ago never to raise taxes on anyone who less than $250,000 a year has been replaced. biden didn't get the memo. what he said starting august 8 in grand junction, colorado, the new plan is no income tax increase next year. >> neil: we know taxes will go up, healthcare law, medical devices and host of others. selling a home, assets, et cetera. what else? >> that's what we don't know
to pay taxes, we should not be using taxes to reward people who fail. we should be using them to reward people that want to work. everybody in this country should succeed, not just people in government. host: president obama gave an address yesterday talking about how congress should act to keep taxes low. let's take a listen. >> 97% of small-business owners will not see their taxes go up next year. this is something everybody says they agree on. it should have gotten done months ago. republicans in congress are standing in the way. there are holding tax cuts for 98% of americans hostage until they pass tax cuts for of the richest 2%. congress needs to step up and provide every responsible homeowner a chance to save $3,000 a year on mortgage at refinancing at lower rates. i give them a plan to do that in february. it is a plan that has the support of independent nonpartisan economists. republicans will not let it come to a vote. ask them how that helps homeowners. congress needs to step up and pass my plan to create a job corps to help our returning heroes find jobs as cops, firefighter
comments on tax policy, senator chuck schumer talked about taxes. he spoke and answered questions at the national press club for about an hour. >> good morning. we're starting right on time today. i want to thank you for coming. i want to thank those who are joining us on c-span. on behalf of the national press club we're honored to have with us the senior senator from new york charles schumer. the senator will address the topic of tax reform. i just want to say i think this is an appropriate topic following a columbus day weekend. in club bus' time the prevailing weekend that there were dragons right over the horizon and most people thought the world was flat and anyone setting nauf a journey would go off the cliff. columbus thought he could find a new route. and today we're going to be exploring new tax reform and how to avoid a fiscal cliff. the senator will speak for about 20 to 25 minutes and then we will open up to questions. senator? >> ok. thank you, jamie for that very timely introduction. i want to thank the national press club. here's what i said yesterday at the new yo
, they are being crushed. >> that is when joe biden says. >> how they can justify raising taxes on the middle class who has been bearish for the last four years. >> to joe biden. [applause] don't boo, he has the best thing we have got going, guys. >> it was the biggest drop since -- i read that in a column friday morning. on the cover 25 1415 the english king henry the fifth led his army to victory. french king charles the sixth was mentally incapacitated at the time of battle. that is about as far as i wanted that one. charles? >> you were there, as i recall, you covered it for "the daily frog." it was felt he could of been moe aggressive. >> quite a route. i must say, when i wrote the column, i tried to keep on quoting -- keep from gloating. >> you did not. >> the whington punditry says that mitt romney won the debate hands down and that the president was aware of his game. here is a sample. >> you have been president four years, you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big idea is, never mind. >> if there i
the topic of tax reform. most people thought the world was flat and anyone sent on a journey would likely go off a cliff. columbus bar defined a new route. today we are going to be exploring new routes to tax reform and how to avoid the fiscal cliff. the senator will talk for approximately 20 or 25 minutes. and we will open up the conference to questions. >> there is perhaps no issue facing congress that is more complex man tax reform. for all the disagreements on taxes, most policy-makers and what the broad outline of tax reform might look like when you ask them is you get a startling difference in dramatically lowering the rate of broadening the tax debate. -- bess. -- base. ronald reagan and the 1986 congress created this. in the upcoming talks on the fiscal cliff, we should scrap this. the old style of tax reform is obsolete in a 2012 world. it does not fit the times because there are two new conditions that did not exist in 1986 but are staring us in the face today. first, a much larger and much more dangerous deficit and second, a dramatic increase been income and inequality. old-style
they can justify raising taxes on the middle-class who have been buried the last four years. >> to joe biden. no, don't boo. he is the best thing we have got going, guys. >> it was the biggest brownson's encore. i read that in a column friday morning. on the cover 25th, 1415 on christmas day at parkton corps, king henry led his army to victory. charles the six was mentally incapacitated at the time of battle. that is as far as i want to take that one. agincourt? >> yes, you were there, as i recall. you covered it for the daily frog. it was quite a rout. when i wrote the column, i try to keep from gloating, but i'm not sure i succeeded. >> you did not. >> the washington punditry heavily supported by the polling concludes that government romney won the first debate hands down and that the president was off his game. >> you have been president four years. you said you would cut the deficit in half. we still have trillion dollar deficits. >> five weeks before the election, he says his big bold idea is, never mind. >> if there is any good news for the president after the debate is that the
. >> i believe we ought to make the tax cuts for the middle class permanent. >> we have now got both parties essentially telling a big lie, with a capital "b" and a capital "l," to the public. >> cut taxes. >> cutting taxes. >> make the tax cuts permanent. >> the republican party, as much as it pains me to say this, should be ashamed of themselves. >> this from ronald reagan's old budget director, architect of the largest tax cut in american history? >> it's rank demagoguery. we should call it for what it is. >> welcome to 60 minutes on cnbc. i'm morley safer. in this edition, we look at two of the topics dominating the american economic landscape: jobs and taxes. first, we meet with president obama's so-called jobs czar. then we visit a struggling town in the heartland. and finally, we take a look at a controversial income tax initiative in washington state. in the first decade of the 21st century, big american firms cut around 3 million jobs in the u.s., while adding almost as many overseas. no company went global more aggressively than general electric, the conglomerate that makes
at the airport. i'm barack obama, and i approve this message. "i'm not in favor of a $5 trillion tax cut. that's not my y plan." mitchell: n"the nonpartisan tax policy center concluded that mitt romney's tax plan would cost $4.8 trillion over 10 years." vo: why won't romney level with us about his tax plan, which gives the wealthy huge new tax breaks? because according to experts, he'd have to raise taxes on the middle class - or increase the deficit to pay for it. if we can't trushim here... how could we ever trust him here? >> you are watching abc news at 11:00. >> now we turn to the sex abuse scandal at penn state where does send this shery between 30 ando years -- jerry sandusky was sentenced. got reaction from local state graduate. >> even the judge today called sandusky statements unbelievable, the fact that he continues to maintain his innocence has not only the but formergusted graduates that are already focused on the new era. >> his penn state routes run deep. his sister is in the heart of state college. 'sroject during -- sandusky today up 30 years in prison at 68 durso, the former
of that, at the stroke of midnight on january 1. all the bush tax rates, better than $100 billion worth of spending cuts. they all kick in at identically the same time. think about that, as we rifle through this. top rate on capital gain jumping to 20%. dividend taxed at regular income tax rates. child credit, essentially being slashed. return of the married tax penalty. so for everyone involved, everyone getting socked big-time. it could go on and on i'm going to mention this as you are going to see this throughout the show. to get an idea of how much is at stake, who pays for this? i'm telling you, at the rate we stand, everybody will. every single american family will. anyone paying taxes or expecting to pay taxes will pay more in the new year. all the bush tax rate disappear. and unless congress does to coddle together even an extension and soon, it happens at the stroke of midnight january 1. some economists said this is simply going to cost the economy one full percentage point off the gdp. do the math. one full percentage point is roughly what we are growing right now so that cou
cliff. those expiring tax cuts and the budget cuts. if you would like to find out more, go to our website, c- span.org, and type in "a fiscal cliff" in the search box. >> look at what president obama did on the budget, nothing. as a result of his abdication of leadership, as a result of seeing the most predictable economic crisis and our country's history and not fixing it, our credit rating was downgraded for the first time in our history. >> to be laid out a four trillion dollar debt reduction plan. ladies and gentlemen, these guys vote against everything. i really mean it. not only do they say they don't like our plan. i get that. you don't like our plan, what is your plan? >> thursday, paul brian and joe biden will face often their only debate. -- paul ryan and joe biden will face off in their only debate. we will have a preview starting at 7:30 eastern. your reaction at 10:30. follow the live coverage on c- span, c-span radio, and online at c-span.org. the vice-presidential candidates preparing for that debate today. paul ryan in st. petersburg, fla., joe biden. president oba
you later on in the show and tonight's vice presidential debate, the tax discussion will be a key issue, the so-called $5 trillion tax cut for rich people. now, take a listen to former senator alan simpson in an exclusive interview only on cnbc today. >> you have a situation where grover norquist has obtained this pledge in the '80s, in the early '90s, he got this pledge that you wouldn't raise taxes under any circumstances unless they are commensurate with spending cuts and those guys are enthralled to him. >> best way to take that on is to reform the tax code, to broaden the base and simplify the code, to wipe out these tax expenditures and use that money to reduce rates. >> well, all right. lo looks like bowles supports the grover norquist idea which is the romney idea. sounds like simpson, as usual, is being very crotchety. let's get to the two guests to get to the hoe-down. dean baker from the center for economic and policy research and the aforementioned grover norquist, president of americans for tax freedom. first of all, grover, what is alan simpson talking about? >> well
knows taxes are due on april 15. we set up tax centers on the base three months prior and we take active duty military personnel off their regular duties and they go in and assist people with their taxes. you have people assisting with federal and state taxes. we provide nothing of the sort for voting registration. the move act was supposed to get offices set up on the basis. everybody could have gone in to check in with that voting assistance officer. that has never been in place while we were on active duty. we don't want a stack of voter registration ballots sitting on a counter somewhere. we want them to physically go in and say whether they want to register or not. this is the only way we can track it and find out if it is sure apathy which i find hard to believe. or is it just not having access? host: there is a project called a military voter protection project and they compared 2008 ballot requests and 2012 ballot requests and looking at key states, they thought there was a great difference as far bell requests. do you believe there is a significant difference? guest: this is hor
is president for america's for tax reform. welcome back to the show. a pleasure to be with you here. >> great to be with you. gerri: they want more in taxes, cutting in spending. with friends like these, who needs enemies, grover? how do you react? >> read today's "new york times," there's an article about the idiot rich businessmen in france who raised taxes a little bit and cut spending and elect the socialist president of france who is now raising their personal income taxes to 75% and their capital gains taxes to 60%, and these very, very smart businessmen who brought this on themselves are running for the borders. gerri: nobody's suggesting that here. in fact -- >> they were not in france either. gerri: even mitt romney in the debate said why not bowles-simpson? it's a balanced approach. you're not in favor of it. >> of course not. he was talking about what simpson bowles says it wants to do sometimes which is restrain spheppedding and have revenue neutral reform. if you read the fine print of simpson-bowles, it takes taxes from 18.5% of gdp, its normal for the last 30 years, to it 2* #
, my old pal, art laffer, is going to blast obama and tell you why mitt romney's tax reform is pro-growth and it will not cost anything like $5 trillion. >>> plus, did president obama, hillary clinton and susan rice lie about the 9/11 benghazian attack? the latest sworn congressional testimony sure makes it sound that way. >>> first up tonight, let's do some stock investigation. fourth day of losses across the board. dow dropped 129 points. is the tepid earnings season to blame or are you guys missing a political revolution which will surround the economy? let's talk. we have mike holland, david goldman and michael farr. michael, i don't care about third-quarter earnings. that is so yesterday's news. i can't stand it. that is just so yesterday's news. it's boring. it's nothing. maybe the guidance has something to say. but the economy is not in bad shape. the economy is not in bad recessionary shape and a political revolution is coming and i want to get your take. after you get through taking profits, michael, what happens next? do you buy them back? >> i think you do a little bit,
had to act for the middle class. we rescued general motors. we made sure that we cut taxes for the middle class. and in addition to that -- when that occurred, what did romney do? he said, no, let the detroit go bankrupt. we helped people refinance their homes. governor romney said, no, let foreclosures hit the bottom. it shouldn't be surprising for a guy who says 47% of the american people are unwilling to take responsibility for their own lives. my friend, recently in a speech for washington said 30% of the american people are takers. these people are my mom and dad, the people i grew up with, my neighbors. they pay more effective tax than governor romney pays in federal income tax. they are elderly people living on social security, veterans and people fighting in afghanistan right now who are, quote, not paying any tacks. i have had it up to hear with that notion of 47%. it's about time to take responsibility. instead of signing pledges to grover norquist, not to ask the wealthiest amongitous contribute to bring back the middle class, they should be signing a pledge to t
to the view he had when he ran four years ago, that a bigger government, spending more, taxing more, regulating more, if you, will trickle-down government would work. >> governor romney has a perspective that says if he cut taxes skewed towards the wealthy and roll back regulations we'll be better off. gwen: 90 minutes later, even democrats gave the debate win to roll any. but after the dust settled, what was true and what wasn't? >> it is not possible to come up with enough loopholes and deductions to only affect high-income individuals to avoid either raising the deficit or burdening the middle class. it's math. >> i'm not in favor of a $5 trillion tax cut. my plan is not to put in place any tax cut that will add to the deficit. gwen: and will today's improved jobs numbers change the political landscape again? debating, peter baker of "the new york times," dan balz of the "washington post." jeanne cummings of block berg news, and john dickerson of slate magazine and cbs news. >> award winning reporting and analysis, covering history as it happens. live in our nation's capital, thi
? not a word about our fast sinking ship. december 31, it all comes crashing down. all of those bush tax cuts that expire, all of those automatic spending cuts, one was too busy smiling like he was trying to close a deal on a used chevy, and the other frantically writing notes -- i have no idea what that was about. another debate leaves me with no debate here. forget who won and lost. i think ultimately we all are worse off. welcome, everybody come i am neil cavuto. we just found out today that we have another trillion dollar deficit the fourth year running. it could've been worse. we also found out that the federal government bailout program in the wake of the 2008 financial crisis was $24 billion. alas, that is down from $32 billion. by my count on both counts, we are still down for the count. crazy me. i want a lot of answers to all of these loony financial questions. how will we avoid this looming train looming train wreck? what we do to ease ourselves ck from this financial cliff? not a word on any of this from the vice president or the guy that wants to be vice president. no mention of
on 2013 tax increases and the so-called "fiscal cliff." activity p.m., and how corporate money is affecting the congressional races this year. c-span brings you select a vice presidential debates from the past 25 years. here's the lineup. at 7:00, at dick cheney and john edwards. that is followed by then senator joe biden and sarah palin at washington university. at san 3:00 p.m., a vice president george bush and rep ferraro. at 11:45 p.m., and center dan lloyd and signaturesaid mr. bentsen. >> on the fourth day of being in office, a weaver sitting in the oval office. larry summers was looking at this year's budget. you're going to have $1 trillion deficit. he said i have not done anything yet. >> we can not keep looking our children in the eye knowing that we're going to give them a diminished future because we're spending their money today. it is a very simple idea. mayor ron and i am going to bring it to washington. we have to stop spending money we do not have. we must cut spending. we must get this balanced budget. we must get this debt under control. >> congressman paul r
does. more huge tax breaks skewed to the wealthy. while cutting nearly eight hundred billion from medicaid... evenug though middle-class families rely on medicaid to help loved ones cover nursing-home care. and it helps parents support children with disabilities. if mitt romney really "cares," wouldn't we see it in his priorities? alexis douglas: i can remember when i was youer and... my family was not necessarily financially stable. we were poor. anncr: then alexis got a job at the mgm casino in michigan. and it changed her life. alexis: i started as a wardrobe clerk. but then i was able to work my way up. i got a 401k, i have health insurance... and i make great money. anncr: imaryland, question seven will create... twelve thousand jobs. from hotel and restaurant staff to accountants... and construction workers. alexis: ifif you want a great place to work with good pay... and eat benefits, vote for question seven. [ malemannouncer ] who will raise taxes on the middle class? according to an independent non-partisan stud barack
taxes on her home in stanford. here is what i hear what i am talking to people in the state -- they don't want this race to be about allegations about personal finances or attack ads. they want this race to be about them. they want to know which one of us is going to fight hard for their job, which one is going to stop the outsourcing of work from connecticut factories, they want to know how we're going to fix the schools. they won this race to be about them and that's going to be my focus over the course of the last four weeks of this race, talking about the issues that matter to the people of this state. >> i agree that we need to talk about the issues in this state. an occasional financial slip is not what we're talking about here. but you need to be honest with the people of connecticut. you need to be honest about your special interest loans and your attendance in washington. those are issues that are important to the folks of connecticut because they want to know can they trust the congressman or senator they're sending to washington to represent them and work and fight for them.
of taxes. there aren't enough tax loopholes or tax deductions to pay for romney's tax cut unless you cut into home interest mortgage deductions, unless you get rid of state and local taxes. that will hit the middle class hard. you have to be honest about this. the debate hurt obama and helped romney, and romney's gotten a bump in the polls, although it seems to be flattening out. you look at the new poll in ohio, the president is at 51%, romney is at 47%. i think the president, the fundamental structure of the race hasn't been changed, but if he doesn't go on the attack, if biden doesn't do a good job against ryan, and if the president doesn't show up and isn't strong in the second debate, then you're going to have a tossup race. >> well, i would disagree with your approach, first of all. i don't approach it that way. that's going back and relegating all the old arguments. in spirit what i would do, unlike shrumy, i would take the big issue that is separating the candidates, don't get into the little trench warfare about what's your tax plan and where were you on medicare two weeks ago.
be aborted talked about, taxes, regulation, energy and. the only way is to get into the game and to point out to the american people what needs to be fixed. in order for us to invest in u.s. and create jobs. .> we've got a good role models we don't even rate legislators. our best teachers or the labor unions and then george soros later on. he taught every wealthy american that you cannot afford to sit on the sidelines. so i say go for it. >> we don't do endorsement either. we have a pac. we are very involved. we will probably connect with a quarter million retailers and millions of their employees, not endorsing anyone or telling them how to vote, but getting them involved. there's a sense that if people have a better understanding of our position, there's a greater likelihood we will get some action from them. that's why we have engaged our membership. >> let's get questions from the audience. don't feel shy. please raise your hand. if you could give me your name and your affiliation, that would be wonderful. there are microphones roving. the lady with the red jacket. >> good morning. my nam
policies indeed. one the state is highest gas tax of any in the nation. two, refining costs are highest in the nation, due to air quality standards, 3, state has insufficient pipeline connection to western oil and gas market that makes the disruption owono. >> looking at obama administration, policy for policy they are doing the same thing. liz: including cap and trade, governor jerry brown said, i will allowance earlier release of winter blend into the gas supply of california, do you think that will move the needle? >> 50-cents is far too large, platts reported this morning, media reports that blenders and refiners in california were already making that adjustment. so, no, that is not moving the needle. if i might just add, the four policy that obama administration is pursuing one gh greenhouse gas regulation. that will raise gas prices, two. he will make refining more expensive with epa pending tier 3 su sulfer control, three the keystone pipeline that was rejected. and four the president continues to refuse to allow oil and gas development off of the coast. liz: oil was going down
that. you're also taxing the middle class under the ryan plan. that is disdain today. >> all right, dr. ruiz. so do you want a 30-second rebuttal of the campaign? >> of course, i do. this is critically important. was there police brutality or was there not? was it an elder or a child? these things, folks, are in the press. they are in "the boston herald," they are in the harvard newspaper. they are documented. they are written. they're spelled out for people to see. it is critically important that people know that who he's saying he is right now is not who he is. further, what i said in that email message was that the city councilman should have been held accountable for allowing durhamville to be the third-world condition that it was and that it continues to be. have your party release the entire interslew. -- interview. release the interview that exonerates me. >> we're down to the last couple of questions. elizabeth, you have the floor. >> dr. ruiz, in 2010 a bipartisan federal commission unveiled the plan to cut the nation's deficit by $4 trillion through a mix of tax increases and
sense. who do you trust on this? they're saying no, they're holding hostage the middle class tax cut to the super wealthy. just get out of the way. but it shouldn't be surprising for a guy who says 47% of the american people are unwilling to take responsible responsible for their own lives. >> i think the vice president very well knows that sometimes the words don't come out of your mouth the right way. >> but i always say what i mean. have you ever seen me rope-a-dope. ♪ how you like me now ♪ how like me now ♪ how you like me now >> he came, he saw, and he told the truth, and the great pretender, paul ryan, was exposed after a no holds barred full out slugfest of a debate with vice president joe biden last night. and for democrats across the country, it is tgi biden, a man who brought the fight to congressman ryan with a huge heart and lethal honesty on everything from medicare to taxes, abortion, middle class opportunity, and foreign policy. and this afternoon the vice president landed in ryan's home turf of wisconsin hungry for more action going after romney/ryan on the 47%.
's start with taxes. governor, the president keeps saying that mitt romney is proposing a $5 trillion tax cut. that is not true. >> chris, wait a minute here. the governor, i mean former governor romney is proposing a 20% cut to income taxes including income taxes for the wealthiest of americans and i believe a 30% cut to corporate income taxes including for people like big oil that are socking all of us at the pump reit now. any economist may debate whether that adds up to $4.9 trillion or add up to 5 trillion dollars but the fact of the matter is in this debate we saw big bird meet the big lie. in fact, when you do those sorts of tax cuts there are costs to those tax cuts. the big etan drivegest driver r deficit -- >> chris: if i may, sir. you are talking about half of the planet it would be like talking about obama's jobs plans and saying the entire aro teachers. it is not obama's plan. similarly you are mischaracterizing the romney plan. saying you're right there is $5 trillion lowering the tax rates but he talks about cutting loopholes. but that is part of the plan. >> but he won't s
Search Results 0 to 49 of about 889 (some duplicates have been removed)